1759 Pala Lake Drive
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1759 Pala Lake Drive

Btop 30%

Fallbrook, CA 92028

$515,000
STR: check · HOA rules unknown · TOT 8%

HOA rules unknown: an HOA can ban stays under 30 days (Civ. Code §4741), and no permit on file shows this one allows them. Get the CC&Rs.

Pass at asking: -$2,218/mo full cashflow at 20% down, 7.36% rate.

Works at $224,715 (56% under asking), or at 83% down.

Rent $3,014/mo from 4 leases of condos & townhomes in 92028, size-adjusted ($3,098–$3,394).

Beds

2

Baths

2

Sqft

1,426

Year Built

1979

Days on Market

45

Property Type

Condo

HOA/mo

$603

MLS ID

NDP2609022

This property is in Fallbrook (92028). Browse neighborhood analytics →

Virtual Tour

About This Property

Price Improvement Enjoy comfortable single-story living in this Augusta model, ideally situated in a desirable end-unit location with dedicated parking for several vehicles. A greenbelt extends alongside and behind the home, offering added privacy and a pleasant backdrop of greenery. An abundance of natural light fills the open floor plan, creating a bright, welcoming atmosphere. The layout provides an easy flow between living spaces, making the home inviting for everyday living and entertaining. A beautiful stone-faced fireplace adds warmth and character, while laminate and tile flooring complement the interior. The kitchen features granite countertops, and a new convection range. The spacious primary bedroom provides a comfortable retreat with an oversized walk-in closet offering generous room for clothing and storage. Step outside to the covered, tiled rear patio, where you can enjoy morning coffee, unwind at the end of the day, or gather with friends. The adjoining garden area offers space to add your favorite plants and create your own outdoor retreat. Together, the patio and greenbelt setting extend the enjoyment of this well-positioned home. Plus you will the 18 hole, par 72 public golf course catering to golfers of every skill level. The clubhouse includes a fully stocked golf shop, practice facilities and instruction and a lovely clubhouse and restaurant. Close enough to the I15 freeway for easy commute or take the 76 if you are heading to the coast. Buyer to verify all information, including square footage and HOA fees, prior to removal of contingencies. Property listing has virtual staging in some rooms.

Mortgage Calculator

Est. Monthly Payment

$4,110

Principal & Interest$2,841
Property Tax$515
Insurance$150
HOA$603
%($103,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Live Oak Elementary · grades K-6 · Fallbrook Union Elementary

  • Middle

    James E. Potter Intermediate · grades 7-8 · Fallbrook Union Elementary

  • High

    Fallbrook High · grades 9-12 · Fallbrook Union High

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Investment Score

46B
Est. Monthly Rent
$3,014

4 leases of condos & townhomes in 92028, size-adjusted · $3,098–$3,394

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$1,095
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,218

What would make this work?

$2,218/mo short at 20% down; 83% down or +$2,880/mo rent closes it.

Break-even price

56% under asking

$224,715
Break-even rent

$2,880/mo above the estimate

$5,894/mo
Cashflow at 35% down
−$1,685/mo
Down payment to break even

$427,450 cash

83%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$2,841
Cap Rate
1.80%
Cash-on-Cash
-25.84%
DSCR

Need ≥ 1.25 for DSCR loan

0.73

NOI (Annual)
$9,292
Price-to-Rent

Lower = better for investors

14.2

* Modelled at 20% down, 7.36% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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BCashflow−$2,218/mo